As a Government Employees Pension Fund member, you are allowed to transfer your pension/retirement to a fund registered with the Financial Sector Conduct Authority (FSCA) and with South African Revenue Services (SARS). Unlike a withdrawal, transferring will not result in tax payment, however, it can give you flexibility in managing your investment. What is also notably worthwhile when you take the decision to transfer outside of GEPF is that you will have the ability to nominate your own beneficiaries. And in the event of death, you will be able to leave a lasting legacy for your loved ones as your investment will be transferred or paid out to your nominated beneficiaries.
Whether you intend to retire, resign or have been discharged from work, we can assist with identifying a suitable solution for you.
Our trusted advisors will help you initiate the transfer process and various documents will be required. On average, it can take up to 12 weeks to finalise the transfer and it is important to note that once an instruction has been given it cannot be changed or cancelled.
Are you retiring soon and are unsure if you should resign or wait to retire, talk to about the best solution for you.
You can also read through the attached information sheet on retiring vs resigning. Click to download retirement guideline.
